According to a recent report, draft antitrust legislation in China has been submitted to to the State Council for review. The draft apparently does not include provisions for an independent agency to oversee implementation of the legislation, the first antitrust law for the country if implemented. Also in the news, the Fair Competition and Market Economy 2004 Shanghai International Forum will be held this Wednesday in Shanghia. This multicountry forum, including legal experts and ministers from 12 countries, will discuss issues of global competition and competition policy.